Hogan Lovells Advises Valoreo on Investment by Kaszek Ventures
Denver and Mexico City, 6 May 2021 - Global law firm Hogan Lovells represented Valoreo in connection with investment by Kaszek Ventures fund, further extending Valoreo’s seed investment round and bolstering the company’s capabilities. Valoreo is a Mexico City-based acquirer and holding company of e-commerce businesses. Kaszek Ventures, the investor, has invested in more than 75 startups, including e-commerce unicorns such as NotCo (in co-investment with Jeff Bezos, Amazon’s founder), MadeiraMadeira, Loggi, and other leading companies as Nubank, Kavak, CrediJusto, Creditas and QuintoAndar.
Kaszek Ventures’ investment in Valoreo will be used to develop Valoreo’s consolidated operations infrastructure and expand its team's deep expertise on e-commerce, finance, brand management, operations and supply chain. As part of its investment, Hernán Kazah, co-founder of Mercado Libre, will join Valoreo’s board of directors.
A cross-border team from Hogan Lovells led by partners Russell Benjamin Hedman and Juan Francisco Torres Landa, as well as associate Jeff Nwagbo, advised Mexico City-based Valoreo in this transaction.
“This latest investment in Valoreo is one of many that we have seen in Latin American ecommerce companies,” said Russell Hedman. “The tech sector in Latin America has been growing over the past few years, and has emerged as an attractive area for strategic and international investors looking to establish a Latin American presence.”
“Hogan Lovells has been phenomenal in supporting our growth,” said Alexander Gruell, Valoreo Co-Founder & Co-CEO. “We like to move rapidly when we see an opportunity. The Hogan team is nimble and creative every time we call on them, day or night, across borders.”